The Chief Coordinator of the Federal Board of Revenue (FBR) Trader Friendly Scheme 2024 has clearly informed the FBR that the scheme is not viable and does not attract any trader, retailer or shopkeeper in its current form. might do
Official sources told the Business Recorder that the chief coordinator of Tajar Dost Scheme 2024 Mohammad Naeem Mir met the Chief Commissioners Inland Revenue and FBR Member IR (Operations).
In the current form of the scheme it is impossible to enroll 30 lakh retailers/vendors across the country. Naeem Mir told the Chief Commissioners of Inland Revenue that if the scheme is to be successful, major amendments are needed.
According to sources, the chief coordinator of the Trader Friendly Scheme 2024 told the FBR that the traders were not given any protection that their records of the last five years would not be opened by the tax department. No exemption from past audit is granted if a trader is registered under this scheme. Surprisingly, the names of the traders benefiting from this scheme will not be included in FBR’s list of active taxpayers. How can a registered trader be denied ATL benefits?